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Man faces cash laundering charges | |
(about 7 hours later) | |
A man has appeared in court charged with money laundering related to the Northern Bank robbery in 2004. | A man has appeared in court charged with money laundering related to the Northern Bank robbery in 2004. |
Ted Cunningham, 59, of Church View, Farran, Cork, denied 10 charges of handling money knowing it was the proceeds of a crime. | |
Don Blaney, 40, an English national with an Irish passport, of Passage West, Cork, was charged with possession of ammunition. | Don Blaney, 40, an English national with an Irish passport, of Passage West, Cork, was charged with possession of ammunition. |
Both men were granted bail, but must surrender their passports. | |
They will both appear in court again next week. | |
The men appeared before Cork District Court on Thursday. | The men appeared before Cork District Court on Thursday. |
Mr Cunningham was arrested just after 0700 GMT on Thursday at his home in Farran. | Mr Cunningham was arrested just after 0700 GMT on Thursday at his home in Farran. |
He has been charged in connection with £3,585,840 and 221,000 euro in relation to the proceeds of the Northern Bank robbery. | |
It is understood he told detectives the money belonged to Bulgarian businessmen he had dealings with. | |
However, the court was told police believe money he had handled is linked to the £26m taken from the Northern Bank in December 2004. | |
Mr Cunningham, 59, is a former business associate of ex-Sinn Fein senior figure Phil Flynn. | |
About £2.3m was allegedly found in a wheeled bin outside Mr Cunningham's home in February 2005. | About £2.3m was allegedly found in a wheeled bin outside Mr Cunningham's home in February 2005. |